Solar Panel Cost Guide in Nephi, UT (2024 Update)
- Nephi Solar Installation Cost: $12,004
- 25-Year Savings: $16,399
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Nephi
Find out what the average cost of a solar system is in Nephi.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Nephi, the typical cost of solar panels is 3 per watt.Using this figure, a typical 5.2-kW system would cost about $12,004 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with.Many homeowners find going solar is a solid investment. The average homeowner in Nephi can save about $19,000 on their electricity bills over 20 years.
To get a free quote from a pre-vetted solar installation company in Nephi, you can click the button below.
Solar savings over time in Nephi
| Year | Return on Investment |
|---|---|
| 1 years | $-11,008 |
| 3 years | $-9,015 |
| 5 years | $-7,023 |
| 7 years | $-5,031 |
| 9 years | $-3,039 |
| 11 years | $-1,046 |
| 13 years | $946 |
| 15 years | $2,938 |
| 17 years | $4,930 |
| 19 years | $6,923 |
| 21 years | $8,915 |
| 23 years | $10,907 |
| 25 years | $12,899 |
Top Solar Installers in Nephi
Many homeowners decide to hire a solar installer since trying to install solar panels yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance in the long run.
If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
See all of the solar companies in Nephi
Factors that Affect Solar Panel Costs in Nephi
The cost of installing a solar system in Nephi can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,290 per kilowatt in Nephi.There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Nephi is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Nephi have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $15,762 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,385 | 11.7 years |
| 10 kW | $3.29 | $23,030 | $27,192 | 11.5 years |
| 12 kW | $3.22 | $27,083 | $33,183 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,358 | 11.0 years |
| 16 kW | $3.09 | $34,637 | $45,717 | 10.8 years |
| 18 kW | $3.03 | $38,138 | $52,261 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $58,989 | 10.3 years |
How to Save on Solar Panels
There are many companies to choose from in Nephi, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
EcoWatch's Nephi, UT Solar Cost FAQs
How much does it cost to install solar panels in Nephi?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Nephi?
You can’t get solar panels for free in Nephi. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Nephi?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Nephi?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.